Current:Home > StocksMega Millions jackpot-winning odds are tiny but players have giant dreams -Keystone Capital Education
Mega Millions jackpot-winning odds are tiny but players have giant dreams
View
Date:2025-04-19 15:45:42
MINNEAPOLIS (AP) — The odds of winning a $1.25 billion Mega Millions jackpot Friday night are infinitesimally small, but that doesn’t stop players from some mighty big daydreams of what they would do if they won the giant prize.
Despite a jackpot winless streak dating back to mid-April, people keep plunking down a few dollars on tickets, noting that someone will eventually win and that they enjoy the chance to fantasize about what would happen if they were the lucky person.
Brandi Walters, 50, of Omaha, Nebraska, buys a lottery ticket when the jackpot grows large and has frequently envisioned what she would do if she hit it big.
“I kind of have this plan,” the hospital nurse confessed Thursday. “The very first thing I would do is take my family on a very nice vacation. Then when I come back, the real plan begins.”
That plan doesn’t include a new house or expensive car. Instead, Walters would backpack around the world for a year and, upon her return, set up a foundation “where I could do special things for interests I find worthy.” She’d help her family financially. She’d volunteer more. And she would set up a farmstead in a third-world country and hire local people to help run it.
“Other than that, the way I live wouldn’t change that much,” she said. “It wouldn’t stop me from shopping at Target.”
In Minneapolis, Reid Hanson, 51, was taking his dog for a walk when he stopped in at a Mobil gas station to buy a couple Mega Millions tickets.
“There’s not one bit of financial sense that goes into buying a lottery ticket,” he said. “It’s more of a fun sort of daydream to say, ‘Oh, what if?’”
Hanson said that if he did win, he might buy property in Hawaii and donate to charities to help save the environment, animals, water, climate and renewable energy.
Cody Jackson-Strong, 29, also stopped in at the Minneapolis gas station to buy a Mega Millions ticket. Jackson-Strong, who said he is homeless and struggling with drug addiction, noted he rarely buys lottery tickets, but the potential $1.25 billion would be “life changing,” so he paid out $2 on Thursday.
He dreams about spending the money on helping other homeless people struggling with addiction. He would open a jobs center, he said, and help clean trash from places where homeless people stay. And he thinks of opening a shop to work on motorcycles, buying a house, learning how to make music and buying items for homeless kids.
Thinking about winning “makes me feel hopeful and happier,” he said. “I would, like, buy everything in a store and just give it to kids who are struggling.”
Sean Burns Sr., of Robbinsdale, Minnesota, says if he won the jackpot, he would give 10% to “the man upstairs” and would be sure to fund programs in his community, including those to help single mothers.
“You always think about, you know, what can you do,” he said. “If it happens, it happens, but it would be a great thing if it did happen.”
Kathy Floersch, 48, an insurance agent from Omaha, said she buys a lottery ticket when the jackpots balloon. She dreams of traveling.
“I really want to go to Ireland. I’ve always wanted to go to Jamaica or the Bahamas,” Floersch said.
She and her fiancé have discussed buying vacation homes: one in Florida for her; one in Branson, Missouri, for him.
“And I would spring for a big wedding reception,” Floersch said. “I grew up dancing at wedding receptions with my siblings, and it’s just something I’ve always wanted.”
Despite the enduring hope of instant riches, Mega Millions’ long odds of 1 in 302.6 million to win the jackpot means it could be a while before someone takes home the money. There now have been 30 straight drawings without a jackpot winner, which has enabled the prize to grow to the sixth-largest in U.S. history.
The $1.25 billion jackpot would be for a sole winner who is paid over 30 years through an annuity. Winners almost always prefer a lump sum payment, which would be an estimated $625.3 million.
The winnings also would be subject to federal taxes, and many states also tax lottery prizes.
Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.
___
Beck reported from Omaha, Nebraska. Associated Press writer Scott McFetridge in Des Moines, Iowa; and video journalist Mark Vancleave, in Robbinsdale, Minnesota; contributed to this report.
veryGood! (16276)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- Taylor Swift Attends Patrick Mahomes’ Birthday Bash After Chiefs Win
- Votes for Cornel West and Claudia De la Cruz will count in Georgia for now
- Taylor Swift's Mom Andrea Swift Shares Sweet Moment with Travis Kelce's Mom
- Grammy nominee Teddy Swims on love, growth and embracing change
- Two ex-fire chiefs in New York City charged in corruption scandal
- You'll Melt Watching Selena Gomez's Goddaughter Cheer Her on at the 2024 Emmys
- Rumer Willis Kisses Mystery Man After Derek Richard Thomas Breakup
- North Carolina justices rule for restaurants in COVID
- Low Boom, High Pollution? NASA Readies for Supersonic Test Flight
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- MLB power rankings: Yankees, Aaron Judge get comfortable in AL East penthouse
- Man suspected in apparent assassination attempt on Trump charged with federal gun crimes
- The next generation of Buffetts is poised to become one of the biggest forces in philanthropy
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Lawsuit says Alabama voter purge targets naturalized citizens
- Tito Jackson of The Jackson 5 Dead at 70
- Five college football Week 3 overreactions: Georgia in trouble? Arch Manning the starter?
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Baby Reindeer’s Nava Mau Reveals the Biggest Celeb Fan of the Series
An appeals court won’t revive Brett Favre’s defamation lawsuit against Shannon Sharpe
Keep Up with Good American’s Friends & Family Sale—Save 30% off Khloé Kardashian’s Jeans, Tops & More
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Lawsuit says Alabama voter purge targets naturalized citizens
Emmys 2024: Sarah Paulson Called Holland Taylor Her “Absolute Rock” and We’re Not OK
Who plays on Monday Night Football? Breaking down Week 2 matchup